Communiqué

Communiqué
of the Warsaw Stock Exchange Management Board
dated 24 February 2021
(GPW Main Market)

The Warsaw Stock Exchange announces that GPW Benchmark S.A. will implement the following changes of the methods of certain indices of the Exchange Index Family as of 19 March 2021:

• companies are classified as index participants during an annual revision or a quarterly correction according to the additional criterion of Monthly Turnover Rate determined separately for WIG20, mWIG40, sWIG80 and WIG30, where the same Monthly Turnover Rate is determined for WIG20 and WIG30. The Monthly Turnover Rate is equal to the median of daily turnover volume in a predefined period;
• ranking points of companies for the purposes of the WIG20, mWIG40, sWIG80 and WIG30 rankings are calculated according to the following formula: R(1)=0.4*sT(i) + 0.6* sC(i), where sT(i) is the percentage share of turnover in shares of Company “i” in total turnover in shares of Companies participating in the Ranking and sC(i) is the percentage share of the value of free-float shares of company “i” in the value of free-float shares of Companies participating in the Ranking;
• companies established outside of Poland, dual-listed on the Regulated Market and other markets, whose market value as at the ranking date is higher than the median of the market capitalisation of WIG20 participants are not eligible to become mWIG40 participants. The median is determined on the basis of the market value of WIG20 participants in the last three months before the ranking date;
• companies established outside of Poland, dual-listed on the Regulated Market and other markets, whose market value as at the ranking date is higher than the median of the market capitalisation of mWIG40 participants are not eligible to become sWIG80 participants. The median is determined on the basis of the market value of mWIG40 participants in the last three months before the ranking date

GPW Benchmark S.A. as an index administrator has implemented other changes to the Exchange Index methodology which are not considered a significant change, including the index participation condition that shares of participants must be traded in at least one transaction in the last three months, a minimum number of WIGdiv participants, and a reserve list for WIG-ESG and the macro-sector indices.

In the opinion of GPW as an Exchange Index user, those changes require no decision of GPW concerning trade in financial instruments for which the Exchange Indices are the underlying instrument, including without limitation WIG20 futures, WIG20 options and mWIG40 futures.